{"success":true,"data":{"pressRelease":{"id":"161396","rtpr_id":"nGNX4M2TWw-20261006","ticker":"T48","exchange":"","all_tickers":["T48"],"title":"Verde AgriTech Reports Broad Magnet and Heavy Rare Earth Intersections From Surface at Minas Americas","author":"Globe Newswire","published_at":"2026-10-06T10:00:00.469Z","article_body":"SINGAPORE, Oct. 06, 2026 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd. (TSX: NPK |\nOTCQX: VNPKF) (“Verde”) reports broad, from-surface magnet and heavy rare\nearth intersections at Minas Americas Global Alliance (“Minas Americas”),\nBrazil, held through Magnes Rare Earths (“Magnes”), Verde’s subsidiary.\nResults include 30 metres at 1,853 ppm magnet rare earth oxides (MREO) in\nreverse-circulation (RC) drilling and shallow auger profiles above 2,100 ppm\nMREO, ahead of the forthcoming SGS bench-scale metallurgical results.\n\nHighlights\n\n30 metres of magnet-rich material from surface. MAV_RC_0063 returned 30 metres\nat 1,853 ppm MREO, including 60 ppm dysprosium–terbium oxides (DyTb), with\n270 ppm heavy rare earth oxides (HREO).\n\nLong RC intersections and higher-grade internal intervals. MAV_RC_0001\nreturned 53 metres from surface at 1,242 ppm MREO, including 30 metres at\n1,950 ppm MREO. A selected 5-metre interval in MAV_RC_0054 returned 3,310 ppm\nMREO and 90 ppm DyTb.\n\nShallow auger profiles combine magnet and heavy rare earth grades. MAV_AD_0691\nreturned 8 metres from surface at 2,194 ppm MREO. MAV_AD_0639 returned 11\nmetres from surface at 2,179 ppm MREO and 335 ppm HREO.\n\nSGS bench-scale metallurgy is the next catalyst. SGS tested seven geological\nsamples from four auger holes, plus a quality-control duplicate, tracking rare\nearths through leach liquor, two wash stages and residue. Results are expected\nfollowing technical review.\n\nA growing exploration dataset. This update covers 50 additional RC holes and\n822 cumulative auger profiles, including earlier results. The combined assay\ncompilation covers 879 holes. The release’s drilling-record population\ntotals 1,191 holes and 12,640.6 recorded metres.\n\n“What stands out is the combination of broad intervals beginning at surface\nand the magnet and heavy rare-earth mix within them,” said Cristiano Veloso,\nFounder and Chief Executive Officer of Magnes. “This expanding dataset\nstrengthens our exploration foundation, with SGS metallurgical results as the\nnext important milestone.”\n\nBroad RC intersections beginning at surface\n\nMAV_RC_0063 combines a 30-metre from-surface interval with 1,853 ppm MREO,\nincluding 1,792 ppm neodymium–praseodymium oxides (NdPr), and 270 ppm HREO.\nMAV_RC_0001 provides a longer, 53-metre surface profile, including a 30-metre\ninterval at 1,950 ppm MREO. Within MAV_RC_0054’s 27-metre surface profile,\nthe selected 9–14 metre interval returned 3,310 ppm MREO, including 90 ppm\nDyTb.\n\nTable 1. Selected RC intervals\n\n Hole    From   To    Len.   MREO    NdPr    DyTb    HREO    TREO (ppm)  \n         (m)    (m)   (m)    (ppm)   (ppm)   (ppm)   (ppm)               \n RC0063  0      30    30     1,853   1,792   60      270     7,787       \n RC0001  0      53    53     1,242   1,202   39      163     5,363       \n RC0001  23     53    30     1,950   1,891   59      233     8,201       \n RC0001  34     44    10     2,358   2,286   72      273     9,721       \n RC0036  0      12    12     1,566   1,513   53      258     6,859       \n RC0054  0      27    27     1,439   1,396   43      203     5,889       \n RC0070  29     34    5      1,631   1,557   74      420     6,949       \n RC0054  9      14    5      3,310   3,220   90      370     10,719      \n\nShorter intervals within a longer interval are included in that interval and\nare not additional metres. Lengths are downhole intervals, not established\ntrue widths. Results are head grades, not recovered grades. MREO and HREO\noverlap through DyTb and must not be added together.\n\nShallow auger results reinforce the rare-earth mix\n\nThe auger programme complements the longer RC intersections with shallow\nprofiles beginning at surface. MAV_AD_0691 returned 8 metres at 2,194 ppm\nMREO, including 2,122 ppm NdPr and 72 ppm DyTb. MAV_AD_0639 returned 11 metres\nat 2,179 ppm MREO, including 2,108 ppm NdPr, 72 ppm DyTb and 335 ppm HREO.\n\nTable 2. Selected cumulative auger intervals from surface\n\n Hole    From   To    Len.   MREO    NdPr    DyTb    HREO    TREO (ppm)  \n         (m)    (m)   (m)    (ppm)   (ppm)   (ppm)   (ppm)               \n AD0691  0      8     8      2,194   2,122   72      324     8,780       \n AD0884  0      6     6      2,075   2,015   59      251     8,202       \n AD0839  0      6     6      1,946   1,888   58      254     8,133       \n AD0639  0      11    11     2,179   2,108   72      335     8,079       \n AD0868  0      11    11     1,799   1,739   60      279     7,291       \n AD0512  0      9     9      1,320   1,251   69      360     5,226       \n\nAll intervals in Table 2 are complete from-surface profiles selected from the\ncumulative auger dataset, not a separate cohort of newly reported holes.\nGrades are length-weighted oxide equivalents; rounding can cause component\ntotals to differ from the displayed sum.\n\nWhy magnet and heavy rare earths matter\n\nPermanent magnets account for around 95% of rare-earth consumption by value,\naccording to the International Energy Agency.[1] NdPr is the principal\nrare-earth component in these magnets; Dy and Tb can improve performance at\nelevated temperatures. These elements support applications including\nindustrial motors, robotics, aerospace and defence.\n\nFor investors, the rare-earth mix is an important part of the exploration\nstory. Verde therefore presents MREO, NdPr, DyTb and HREO alongside TREO,\nrather than relying on total grade alone. At Minas Americas, the combination\nof broad, shallow intersections and evidence of selective diagnostic leaching\nprovides a basis for the next stage of exploration and process testing.\nCommercial significance will depend on recovery into a saleable product,\nimpurities, reagent requirements and processing costs; it cannot be determined\nfrom head grades or industry consumption values alone.\n\nDrilling scale and reporting progress\n\nThrough 25 September 2026, the drilling records included in this release\ncomprise 7,304.6 metres in 1,020 auger holes and 5,336 metres in 171 RC holes,\ntotalling 12,640.6 recorded metres. This reporting population is distinct from\nthe gross physical drilling programme.\n\nAssayed metres are reported separately.\n\nReporting progress at the 25 September cutoff\n\n Scope                              Auger holes  RC holes  Total   Metres             \n                                                           holes                      \n Previously reported through 8 Sep  436          7         443     3,628.8 assayed    \n Covered by this update             822          50 new    872     7,196.8 assayed    \n Combined assay compilation         822          57        879     7,468.8 assayed    \n Drilling records in this release   1,020        171       1,191   12,640.6 recorded  \n\nThe 50 additional RC holes comprise 39 complete holes with 1,123 assayed\nmetres and available intervals totalling 144 metres in 11 partial holes. The\n822 auger profiles are cumulative, not all newly reported: 793 complete\nprofiles cover 5,776.8 metres and available intervals in 29 partial profiles\ncover 153 metres.\n\nThe separate Minas Americas Drill Hole and Assay Results Annex, dated 3\nOctober 2026, contains complete and partial results and collar records. It is\nintended for publication alongside this release at\nhttps://magnesrareearths.com/evidence, not appended here. Selected intervals\nin this release do not represent every hole or all grades.\n\nSource [1]: International Energy Agency, Rare Earth Elements, Executive\nSummary\n(2026): https://www.iea.org/reports/rare-earth-elements/executive-summary\n\n\n\nFigure 1. Selected RC and cumulative auger drilling intervals from surface.\nMREO and HREO overlap and must not be added. Source data cutoff: 25 September\n2026.\n\nSGS bench-scale metallurgy — from screening to process development\n\nBuilding on the earlier diagnostic results, Magnes engaged SGS Geosol for a\nmore comprehensive bench-scale metallurgical programme. Initial testing\ncovered seven geological samples from four auger holes in different parts of\nMinas Americas, plus a duplicate leach of one sample for a quality-control\ncomparison of test repeatability. The duplicate is not an additional\ngeological sample or location. This sample set is distinct from the five\ndiagnostic intervals described below.\n\nA structured examination of the leach, wash and residue streams. SGS prepared\nand homogenised the samples and characterised their particle-size fractions\nbefore testing approximately 40 grams of minus-2 mm material with 0.5 M\nammonium sulphate for 30 minutes at ambient temperature. The programme used\nmechanical agitation, with pH monitored and adjusted around a target of 4.2,\nfollowed by vacuum filtration and two separately analysed wash stages. Feed,\ncollected leach liquor, each wash and solid residue were assayed for\nmetallurgical balances and impurity assessment. Acid additions, filtration\ntimes and collected liquor volumes were recorded. Follow-up tests examined pH\nand reagent conditions on one sample.\n\nWhy this goes beyond diagnostic screening. The earlier ICM694 screening\ncertificates report initial and final pH, but do not document the same\ntime-resolved pH monitoring and adjustment or separately analysed\nprocess-stream balances. Those diagnostic results do not establish optimised\npH, agitation or washing conditions. Because the programmes used different\nsamples and preparation conditions, they are not a before-and-after\ndemonstration of improved recovery.\n\nThe next milestone connects exploration grades with process-development\ndecisions. The bench work examines how much rare earth content enters the\ncollected liquid streams, how much remains in the solids and which impurities\nfollow it. Together with reagent and filtration records, this is intended to\nguide subsequent work on extraction selectivity, reagent requirements and\nsolid–liquid separation—not simply add another set of head-grade assays.\n\nVerde expects to announce the bench-scale metallurgical results following\nreconciliation and technical review. No numerical results from that bench\nprogramme are disclosed in this release, and no commercial recovery or\noptimised flowsheet is established.\n\n“Our next milestone is the SGS bench-scale results,” said Veloso. “The\ninitial diagnostic tests showed magnet and heavy rare earths becoming more\nprominent in the dissolved rare-earth mix. The bench programme examines how\nmuch enters the leach and wash streams, how much remains in the residue and\nwhich impurities follow it. That information will guide the next stage of\nprocess development.”\n\nEarlier SGS screening increased the share of magnet and heavy rare earths in\nsolution\n\nThe earlier diagnostic leach screening tested how readily rare earths entered\nsolution under a defined chemical treatment. The comparison comprised five\nsample intervals: four channel intervals collected in 2025 from PT-34, PT-36\nand PT-42, and one later 2–3 metre auger interval from MAV_AD_0002. SGS used\nits ICM694 method, applying 0.5 M ammonium sulphate at an initial pH of 4,\nwith a 30-minute leach.\n\nHeavy rare earths more than doubled their share of the rare-earth mix after\ndiagnostic leaching. HREO accounted for 3.0–4.1% of the original samples’\nrare-earth content and 6.6–12.1% of the dissolved mix. Across the five\npaired tests, their share was 2.1–3.3 times the original sample’s share.\nMREO increased from 22.2–26.3% of the original rare-earth content to\n41.6–48.1% of the dissolved mix, or 1.6–1.9 times its original share.\nThese are comparisons of composition, not extraction recovery.\n\nTable 3. Five earlier SGS diagnostic intervals\n\n Interval        MREO mg/kg  HREO mg/kg  DREO mg/kg  MREO share head   HREO share head   HREO multiple  \n                                                     →leach            →leach                           \n PT-34 0–1 m     161         36          384         23.7% → 41.9%     3.3% → 9.3%       2.81×          \n PT-34 1–2 m     240         63          578         25.3% → 41.6%     4.1% → 10.9%      2.68×          \n PT-36 0–1 m     278         44          667         22.2% → 41.6%     3.0% → 6.6%       2.20×          \n PT-42 0–1 m     167         31          383         23.8% → 43.6%     3.9% → 8.2%       2.09×          \n AD0002 2–3 m    237         60          492         26.3% → 48.1%     3.6% → 12.1%      3.34×          \n\nQuantities are desorbed oxide equivalents on the laboratory mg/kg reporting\nbasis. Shares use unrounded totals. PT-34 0–1 m DREO is 384 mg/kg using half\ndetection limits, versus 383 mg/kg previously displayed. HREO includes Y; MREO\nand HREO overlap.\n\nThe auger interval illustrates the selective response: MREO increased from\n26.3% to 48.1% of the rare-earth mix, while HREO increased from 3.6% to 12.1%.\nDyTb increased from 0.94% to 2.08%. This greater representation of magnet and\nheavy rare earths in the dissolved suite is the starting point for the more\ndetailed metallurgical work.\n\nShares are calculated against head TREO before leaching and total desorbable\nrare earth oxides (DREO) afterwards. They are not increases in absolute\nsolution concentration. HREO includes yttrium as well as heavy lanthanides and\nis not synonymous with DyTb. These selected diagnostic tests were not an\noptimised flowsheet or a project-wide metallurgical estimate.\n\n\n\nFigure 2. Original-sample and dissolved-mix composition in five selected SGS\ndiagnostic tests. This is a comparison of composition, not extraction\nrecovery.\n\nTechnical basis and reporting definitions\n\nGeological setting and sampling. Minas Americas is an exploration-stage,\nclay-hosted rare-earth project in Minas Gerais, Brazil. Earlier diagnostic\ntests indicated ionic adsorption behaviour. RC and auger sampling used nominal\none-metre intervals; the source records show vertical holes (dip −90°;\nazimuth not applicable). Source collar coordinates use SIRGAS 2000 / UTM Zone\n23S. Depths, sample coverage and provisional source-field collars are\ntabulated in the annex. True widths and continuity between holes are not\nestablished.\n\nAnalytical laboratory and methods. Samples were analysed by the third-party\nlaboratory SGS Geosol Laboratórios S.A., Vespasiano, Minas Gerais, Brazil.\nDrilling assay certificates reviewed for this update specify\nlithium-metaborate fusion followed by ICP-MS (IMS95A) and ICP-OES (ICP95A).\nSGS Geosol publishes ISO 9001:2015 certification and ISO/IEC 17025:2017\naccreditation CRL 0386. Accreditation is scope-specific; this statement does\nnot establish that every method used here is within the accredited scope.\n\nCalculations and quality controls. The analytical programme includes blanks,\ncertified reference materials and duplicates; these controls are excluded from\ngeological composites. Grades are length-weighted oxide equivalents in ppm,\nequivalent to grams per tonne. No grade cutoff is applied to full-hole\ncomposites. Partial composites cover only available contiguous assays, not\nunassayed gaps. Values below detection limits are assigned half the limit;\nover-limit results are lower bounds, shown with “≥”, not exact grades.\n\nOxide groups. MREO is the sum of Nd, Pr, Dy and Tb oxides. NdPr and DyTb are\ntheir respective oxide pairs. HREO is the sum of Y, Dy, Tb, Ho, Er, Tm, Yb and\nLu oxides. TREO includes the oxides of the lanthanides other than promethium,\nplus yttrium, and excludes scandium. DREO is the corresponding total reported\nafter diagnostic desorption. DyTb is included in both MREO and HREO, so those\ngroups are not additive.\n\nQualified Person\n\nCarlos Leite, MAusIMM CP(Geo) (No. 1006695), an independent consultant to\nMagnes Rare Earths, is the Qualified Person identified for technical review of\nthis proposed release under National Instrument 43-101 — Standards of\nDisclosure for Mineral Projects. This proposed release and its accompanying\nannex remain subject to his review and approval of the exact versions.\n\nAbout Verde AgriTech and Magnes Rare Earths\n\nVerde AgriTech Ltd. trades on the TSX as NPK and on OTCQX as VNPKF. Magnes\nRare Earths, Verde’s subsidiary, is advancing the exploration-stage Minas\nAmericas rare-earth project in Minas Gerais, Brazil. The listed shares\nreferenced in this release are Verde AgriTech shares.\n\nThe exploration and diagnostic results described here do not establish a\nmineral resource, mineral reserve, commercial recovery or economic assessment.\n\nFor Additional Information:\n\nEmail: investor@verde.ag\n\nVerde investor information: https://investor.verde.ag\n\nMagnes project and company information: https://www.magnesrareearths.com\n\nCautionary statement regarding forward-looking information\n\nThis news release contains forward-looking information within the meaning of\napplicable Canadian securities laws, including statements concerning the\nexpected announcement of SGS bench-scale metallurgical results, further\nexploration and process development, publication of the companion assay annex,\nand the potential significance of the reported magnet and heavy rare earth\nresults. Words such as “expects”, “will”, “potential”, “next”\nand similar expressions may identify forward-looking information.\n\nThis information reflects management’s expectations as of the release date\nand assumes that laboratory results and balances can be reconciled, technical\nreview and required approvals can be completed, suitable samples and\nsufficient funding and personnel will be available, and further work can\nproceed under applicable permits and regulatory requirements. These\nassumptions may prove incorrect.\n\nActual results, timing and outcomes may differ materially because of\ngeological and sampling variability, assay or metallurgical uncertainty,\nlimitations in the representativeness of samples, recovery and impurity\nchallenges, reagent consumption and processing costs, laboratory or review\ndelays, permitting constraints, changes in rare-earth markets, financing\navailability and other risks described in Verde’s current public disclosure\nfilings available on SEDAR+ at https://www.sedarplus.ca. Exploration grades\nand selective diagnostic leaching do not establish economic viability or\nrecovery into a saleable product.\n\nReaders should not place undue reliance on forward-looking information. Verde\nundertakes no obligation to update it except as required by applicable\nsecurities laws.\n\nPhotos accompanying this announcement are available at \n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/80bfaccc-7c6e-4a0d-beab-fbfd512c34db\n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/9516f972-691a-44a8-8143-8c17a94089c9\nFigure 1 \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/80bfaccc-7c6e-4a0d-beab-fbfd512c34db/en)\nSelected RC and cumulative auger drilling intervals from surface. MREO and\nHREO overlap and must not be added. Source data cutoff: 25 September\n2026.Figure 2 \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/9516f972-691a-44a8-8143-8c17a94089c9/en)\nOriginal-sample and dissolved-mix composition in five selected SGS diagnostic\ntests. This is a comparison of composition, not extraction recovery.\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX4M2TWw-20261006","title":"Verde AgriTech Reports Broad Magnet and Heavy Rare Earth Intersections From Surface at Minas Americas","author":"Globe Newswire","ticker":"T48","created":"2026-10-06T10:00:00.469Z","tickers":["T48"],"exchange":"","article_body":"SINGAPORE, Oct. 06, 2026 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd. (TSX: NPK |\nOTCQX: VNPKF) (“Verde”) reports broad, from-surface magnet and heavy rare\nearth intersections at Minas Americas Global Alliance (“Minas Americas”),\nBrazil, held through Magnes Rare Earths (“Magnes”), Verde’s subsidiary.\nResults include 30 metres at 1,853 ppm magnet rare earth oxides (MREO) in\nreverse-circulation (RC) drilling and shallow auger profiles above 2,100 ppm\nMREO, ahead of the forthcoming SGS bench-scale metallurgical results.\n\nHighlights\n\n30 metres of magnet-rich material from surface. MAV_RC_0063 returned 30 metres\nat 1,853 ppm MREO, including 60 ppm dysprosium–terbium oxides (DyTb), with\n270 ppm heavy rare earth oxides (HREO).\n\nLong RC intersections and higher-grade internal intervals. MAV_RC_0001\nreturned 53 metres from surface at 1,242 ppm MREO, including 30 metres at\n1,950 ppm MREO. A selected 5-metre interval in MAV_RC_0054 returned 3,310 ppm\nMREO and 90 ppm DyTb.\n\nShallow auger profiles combine magnet and heavy rare earth grades. MAV_AD_0691\nreturned 8 metres from surface at 2,194 ppm MREO. MAV_AD_0639 returned 11\nmetres from surface at 2,179 ppm MREO and 335 ppm HREO.\n\nSGS bench-scale metallurgy is the next catalyst. SGS tested seven geological\nsamples from four auger holes, plus a quality-control duplicate, tracking rare\nearths through leach liquor, two wash stages and residue. Results are expected\nfollowing technical review.\n\nA growing exploration dataset. This update covers 50 additional RC holes and\n822 cumulative auger profiles, including earlier results. The combined assay\ncompilation covers 879 holes. The release’s drilling-record population\ntotals 1,191 holes and 12,640.6 recorded metres.\n\n“What stands out is the combination of broad intervals beginning at surface\nand the magnet and heavy rare-earth mix within them,” said Cristiano Veloso,\nFounder and Chief Executive Officer of Magnes. “This expanding dataset\nstrengthens our exploration foundation, with SGS metallurgical results as the\nnext important milestone.”\n\nBroad RC intersections beginning at surface\n\nMAV_RC_0063 combines a 30-metre from-surface interval with 1,853 ppm MREO,\nincluding 1,792 ppm neodymium–praseodymium oxides (NdPr), and 270 ppm HREO.\nMAV_RC_0001 provides a longer, 53-metre surface profile, including a 30-metre\ninterval at 1,950 ppm MREO. Within MAV_RC_0054’s 27-metre surface profile,\nthe selected 9–14 metre interval returned 3,310 ppm MREO, including 90 ppm\nDyTb.\n\nTable 1. Selected RC intervals\n\n Hole    From   To    Len.   MREO    NdPr    DyTb    HREO    TREO (ppm)  \n         (m)    (m)   (m)    (ppm)   (ppm)   (ppm)   (ppm)               \n RC0063  0      30    30     1,853   1,792   60      270     7,787       \n RC0001  0      53    53     1,242   1,202   39      163     5,363       \n RC0001  23     53    30     1,950   1,891   59      233     8,201       \n RC0001  34     44    10     2,358   2,286   72      273     9,721       \n RC0036  0      12    12     1,566   1,513   53      258     6,859       \n RC0054  0      27    27     1,439   1,396   43      203     5,889       \n RC0070  29     34    5      1,631   1,557   74      420     6,949       \n RC0054  9      14    5      3,310   3,220   90      370     10,719      \n\nShorter intervals within a longer interval are included in that interval and\nare not additional metres. Lengths are downhole intervals, not established\ntrue widths. Results are head grades, not recovered grades. MREO and HREO\noverlap through DyTb and must not be added together.\n\nShallow auger results reinforce the rare-earth mix\n\nThe auger programme complements the longer RC intersections with shallow\nprofiles beginning at surface. MAV_AD_0691 returned 8 metres at 2,194 ppm\nMREO, including 2,122 ppm NdPr and 72 ppm DyTb. MAV_AD_0639 returned 11 metres\nat 2,179 ppm MREO, including 2,108 ppm NdPr, 72 ppm DyTb and 335 ppm HREO.\n\nTable 2. Selected cumulative auger intervals from surface\n\n Hole    From   To    Len.   MREO    NdPr    DyTb    HREO    TREO (ppm)  \n         (m)    (m)   (m)    (ppm)   (ppm)   (ppm)   (ppm)               \n AD0691  0      8     8      2,194   2,122   72      324     8,780       \n AD0884  0      6     6      2,075   2,015   59      251     8,202       \n AD0839  0      6     6      1,946   1,888   58      254     8,133       \n AD0639  0      11    11     2,179   2,108   72      335     8,079       \n AD0868  0      11    11     1,799   1,739   60      279     7,291       \n AD0512  0      9     9      1,320   1,251   69      360     5,226       \n\nAll intervals in Table 2 are complete from-surface profiles selected from the\ncumulative auger dataset, not a separate cohort of newly reported holes.\nGrades are length-weighted oxide equivalents; rounding can cause component\ntotals to differ from the displayed sum.\n\nWhy magnet and heavy rare earths matter\n\nPermanent magnets account for around 95% of rare-earth consumption by value,\naccording to the International Energy Agency.[1] NdPr is the principal\nrare-earth component in these magnets; Dy and Tb can improve performance at\nelevated temperatures. These elements support applications including\nindustrial motors, robotics, aerospace and defence.\n\nFor investors, the rare-earth mix is an important part of the exploration\nstory. Verde therefore presents MREO, NdPr, DyTb and HREO alongside TREO,\nrather than relying on total grade alone. At Minas Americas, the combination\nof broad, shallow intersections and evidence of selective diagnostic leaching\nprovides a basis for the next stage of exploration and process testing.\nCommercial significance will depend on recovery into a saleable product,\nimpurities, reagent requirements and processing costs; it cannot be determined\nfrom head grades or industry consumption values alone.\n\nDrilling scale and reporting progress\n\nThrough 25 September 2026, the drilling records included in this release\ncomprise 7,304.6 metres in 1,020 auger holes and 5,336 metres in 171 RC holes,\ntotalling 12,640.6 recorded metres. This reporting population is distinct from\nthe gross physical drilling programme.\n\nAssayed metres are reported separately.\n\nReporting progress at the 25 September cutoff\n\n Scope                              Auger holes  RC holes  Total   Metres             \n                                                           holes                      \n Previously reported through 8 Sep  436          7         443     3,628.8 assayed    \n Covered by this update             822          50 new    872     7,196.8 assayed    \n Combined assay compilation         822          57        879     7,468.8 assayed    \n Drilling records in this release   1,020        171       1,191   12,640.6 recorded  \n\nThe 50 additional RC holes comprise 39 complete holes with 1,123 assayed\nmetres and available intervals totalling 144 metres in 11 partial holes. The\n822 auger profiles are cumulative, not all newly reported: 793 complete\nprofiles cover 5,776.8 metres and available intervals in 29 partial profiles\ncover 153 metres.\n\nThe separate Minas Americas Drill Hole and Assay Results Annex, dated 3\nOctober 2026, contains complete and partial results and collar records. It is\nintended for publication alongside this release at\nhttps://magnesrareearths.com/evidence, not appended here. Selected intervals\nin this release do not represent every hole or all grades.\n\nSource [1]: International Energy Agency, Rare Earth Elements, Executive\nSummary\n(2026): https://www.iea.org/reports/rare-earth-elements/executive-summary\n\n\n\nFigure 1. Selected RC and cumulative auger drilling intervals from surface.\nMREO and HREO overlap and must not be added. Source data cutoff: 25 September\n2026.\n\nSGS bench-scale metallurgy — from screening to process development\n\nBuilding on the earlier diagnostic results, Magnes engaged SGS Geosol for a\nmore comprehensive bench-scale metallurgical programme. Initial testing\ncovered seven geological samples from four auger holes in different parts of\nMinas Americas, plus a duplicate leach of one sample for a quality-control\ncomparison of test repeatability. The duplicate is not an additional\ngeological sample or location. This sample set is distinct from the five\ndiagnostic intervals described below.\n\nA structured examination of the leach, wash and residue streams. SGS prepared\nand homogenised the samples and characterised their particle-size fractions\nbefore testing approximately 40 grams of minus-2 mm material with 0.5 M\nammonium sulphate for 30 minutes at ambient temperature. The programme used\nmechanical agitation, with pH monitored and adjusted around a target of 4.2,\nfollowed by vacuum filtration and two separately analysed wash stages. Feed,\ncollected leach liquor, each wash and solid residue were assayed for\nmetallurgical balances and impurity assessment. Acid additions, filtration\ntimes and collected liquor volumes were recorded. Follow-up tests examined pH\nand reagent conditions on one sample.\n\nWhy this goes beyond diagnostic screening. The earlier ICM694 screening\ncertificates report initial and final pH, but do not document the same\ntime-resolved pH monitoring and adjustment or separately analysed\nprocess-stream balances. Those diagnostic results do not establish optimised\npH, agitation or washing conditions. Because the programmes used different\nsamples and preparation conditions, they are not a before-and-after\ndemonstration of improved recovery.\n\nThe next milestone connects exploration grades with process-development\ndecisions. The bench work examines how much rare earth content enters the\ncollected liquid streams, how much remains in the solids and which impurities\nfollow it. Together with reagent and filtration records, this is intended to\nguide subsequent work on extraction selectivity, reagent requirements and\nsolid–liquid separation—not simply add another set of head-grade assays.\n\nVerde expects to announce the bench-scale metallurgical results following\nreconciliation and technical review. No numerical results from that bench\nprogramme are disclosed in this release, and no commercial recovery or\noptimised flowsheet is established.\n\n“Our next milestone is the SGS bench-scale results,” said Veloso. “The\ninitial diagnostic tests showed magnet and heavy rare earths becoming more\nprominent in the dissolved rare-earth mix. The bench programme examines how\nmuch enters the leach and wash streams, how much remains in the residue and\nwhich impurities follow it. That information will guide the next stage of\nprocess development.”\n\nEarlier SGS screening increased the share of magnet and heavy rare earths in\nsolution\n\nThe earlier diagnostic leach screening tested how readily rare earths entered\nsolution under a defined chemical treatment. The comparison comprised five\nsample intervals: four channel intervals collected in 2025 from PT-34, PT-36\nand PT-42, and one later 2–3 metre auger interval from MAV_AD_0002. SGS used\nits ICM694 method, applying 0.5 M ammonium sulphate at an initial pH of 4,\nwith a 30-minute leach.\n\nHeavy rare earths more than doubled their share of the rare-earth mix after\ndiagnostic leaching. HREO accounted for 3.0–4.1% of the original samples’\nrare-earth content and 6.6–12.1% of the dissolved mix. Across the five\npaired tests, their share was 2.1–3.3 times the original sample’s share.\nMREO increased from 22.2–26.3% of the original rare-earth content to\n41.6–48.1% of the dissolved mix, or 1.6–1.9 times its original share.\nThese are comparisons of composition, not extraction recovery.\n\nTable 3. Five earlier SGS diagnostic intervals\n\n Interval        MREO mg/kg  HREO mg/kg  DREO mg/kg  MREO share head   HREO share head   HREO multiple  \n                                                     →leach            →leach                           \n PT-34 0–1 m     161         36          384         23.7% → 41.9%     3.3% → 9.3%       2.81×          \n PT-34 1–2 m     240         63          578         25.3% → 41.6%     4.1% → 10.9%      2.68×          \n PT-36 0–1 m     278         44          667         22.2% → 41.6%     3.0% → 6.6%       2.20×          \n PT-42 0–1 m     167         31          383         23.8% → 43.6%     3.9% → 8.2%       2.09×          \n AD0002 2–3 m    237         60          492         26.3% → 48.1%     3.6% → 12.1%      3.34×          \n\nQuantities are desorbed oxide equivalents on the laboratory mg/kg reporting\nbasis. Shares use unrounded totals. PT-34 0–1 m DREO is 384 mg/kg using half\ndetection limits, versus 383 mg/kg previously displayed. HREO includes Y; MREO\nand HREO overlap.\n\nThe auger interval illustrates the selective response: MREO increased from\n26.3% to 48.1% of the rare-earth mix, while HREO increased from 3.6% to 12.1%.\nDyTb increased from 0.94% to 2.08%. This greater representation of magnet and\nheavy rare earths in the dissolved suite is the starting point for the more\ndetailed metallurgical work.\n\nShares are calculated against head TREO before leaching and total desorbable\nrare earth oxides (DREO) afterwards. They are not increases in absolute\nsolution concentration. HREO includes yttrium as well as heavy lanthanides and\nis not synonymous with DyTb. These selected diagnostic tests were not an\noptimised flowsheet or a project-wide metallurgical estimate.\n\n\n\nFigure 2. Original-sample and dissolved-mix composition in five selected SGS\ndiagnostic tests. This is a comparison of composition, not extraction\nrecovery.\n\nTechnical basis and reporting definitions\n\nGeological setting and sampling. Minas Americas is an exploration-stage,\nclay-hosted rare-earth project in Minas Gerais, Brazil. Earlier diagnostic\ntests indicated ionic adsorption behaviour. RC and auger sampling used nominal\none-metre intervals; the source records show vertical holes (dip −90°;\nazimuth not applicable). Source collar coordinates use SIRGAS 2000 / UTM Zone\n23S. Depths, sample coverage and provisional source-field collars are\ntabulated in the annex. True widths and continuity between holes are not\nestablished.\n\nAnalytical laboratory and methods. Samples were analysed by the third-party\nlaboratory SGS Geosol Laboratórios S.A., Vespasiano, Minas Gerais, Brazil.\nDrilling assay certificates reviewed for this update specify\nlithium-metaborate fusion followed by ICP-MS (IMS95A) and ICP-OES (ICP95A).\nSGS Geosol publishes ISO 9001:2015 certification and ISO/IEC 17025:2017\naccreditation CRL 0386. Accreditation is scope-specific; this statement does\nnot establish that every method used here is within the accredited scope.\n\nCalculations and quality controls. The analytical programme includes blanks,\ncertified reference materials and duplicates; these controls are excluded from\ngeological composites. Grades are length-weighted oxide equivalents in ppm,\nequivalent to grams per tonne. No grade cutoff is applied to full-hole\ncomposites. Partial composites cover only available contiguous assays, not\nunassayed gaps. Values below detection limits are assigned half the limit;\nover-limit results are lower bounds, shown with “≥”, not exact grades.\n\nOxide groups. MREO is the sum of Nd, Pr, Dy and Tb oxides. NdPr and DyTb are\ntheir respective oxide pairs. HREO is the sum of Y, Dy, Tb, Ho, Er, Tm, Yb and\nLu oxides. TREO includes the oxides of the lanthanides other than promethium,\nplus yttrium, and excludes scandium. DREO is the corresponding total reported\nafter diagnostic desorption. DyTb is included in both MREO and HREO, so those\ngroups are not additive.\n\nQualified Person\n\nCarlos Leite, MAusIMM CP(Geo) (No. 1006695), an independent consultant to\nMagnes Rare Earths, is the Qualified Person identified for technical review of\nthis proposed release under National Instrument 43-101 — Standards of\nDisclosure for Mineral Projects. This proposed release and its accompanying\nannex remain subject to his review and approval of the exact versions.\n\nAbout Verde AgriTech and Magnes Rare Earths\n\nVerde AgriTech Ltd. trades on the TSX as NPK and on OTCQX as VNPKF. Magnes\nRare Earths, Verde’s subsidiary, is advancing the exploration-stage Minas\nAmericas rare-earth project in Minas Gerais, Brazil. The listed shares\nreferenced in this release are Verde AgriTech shares.\n\nThe exploration and diagnostic results described here do not establish a\nmineral resource, mineral reserve, commercial recovery or economic assessment.\n\nFor Additional Information:\n\nEmail: investor@verde.ag\n\nVerde investor information: https://investor.verde.ag\n\nMagnes project and company information: https://www.magnesrareearths.com\n\nCautionary statement regarding forward-looking information\n\nThis news release contains forward-looking information within the meaning of\napplicable Canadian securities laws, including statements concerning the\nexpected announcement of SGS bench-scale metallurgical results, further\nexploration and process development, publication of the companion assay annex,\nand the potential significance of the reported magnet and heavy rare earth\nresults. Words such as “expects”, “will”, “potential”, “next”\nand similar expressions may identify forward-looking information.\n\nThis information reflects management’s expectations as of the release date\nand assumes that laboratory results and balances can be reconciled, technical\nreview and required approvals can be completed, suitable samples and\nsufficient funding and personnel will be available, and further work can\nproceed under applicable permits and regulatory requirements. These\nassumptions may prove incorrect.\n\nActual results, timing and outcomes may differ materially because of\ngeological and sampling variability, assay or metallurgical uncertainty,\nlimitations in the representativeness of samples, recovery and impurity\nchallenges, reagent consumption and processing costs, laboratory or review\ndelays, permitting constraints, changes in rare-earth markets, financing\navailability and other risks described in Verde’s current public disclosure\nfilings available on SEDAR+ at https://www.sedarplus.ca. Exploration grades\nand selective diagnostic leaching do not establish economic viability or\nrecovery into a saleable product.\n\nReaders should not place undue reliance on forward-looking information. Verde\nundertakes no obligation to update it except as required by applicable\nsecurities laws.\n\nPhotos accompanying this announcement are available at \n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/80bfaccc-7c6e-4a0d-beab-fbfd512c34db\n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/9516f972-691a-44a8-8143-8c17a94089c9\nFigure 1 \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/80bfaccc-7c6e-4a0d-beab-fbfd512c34db/en)\nSelected RC and cumulative auger drilling intervals from surface. MREO and\nHREO overlap and must not be added. Source data cutoff: 25 September\n2026.Figure 2 \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/9516f972-691a-44a8-8143-8c17a94089c9/en)\nOriginal-sample and dissolved-mix composition in five selected SGS diagnostic\ntests. This is a comparison of composition, not extraction recovery.\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-06T10:00:00.523636541Z","server_sent_at_ms":1791280800523},"received_at":"2026-10-06T10:00:00.614Z","source_url":null},"analysis":{"id":"149929","press_release_id":"161396","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["Exploration-stage project: no mineral resource, reserve, or economic assessment established","Reported grades are head grades, not recovered grades; commercial significance depends on unproven metallurgy","Bench-scale metallurgical results not yet released; no optimised flowsheet established","Forward-looking statements flag financing availability and permitting as risks"],"eventType":"operations_update","narrative":"Verde AgriTech reported broad, from-surface magnet and heavy rare earth intersections at its Minas Americas project in Brazil, held through subsidiary Magnes Rare Earths.\n\nKey results include 30 metres at 1,853 ppm MREO from surface, a 5-metre interval at 3,310 ppm MREO with 90 ppm DyTb, and shallow auger profiles above 2,100 ppm MREO with meaningful heavy rare earth content.\n\nThe dataset now covers 879 assayed holes, and the next catalyst is SGS bench-scale metallurgical testing using ammonium sulphate leaching; no numerical recovery results are disclosed yet.\n\nThe company cautions that no mineral resource, reserve, commercial recovery or economic assessment has been established from these exploration grades.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Shallow, from-surface magnet rare earth intersections in Brazil keep the SGS metallurgy results as the next catalyst, but no resource or recovery is proven yet."},"keyFigures":{"customDimensions":{"next_catalyst":"SGS bench-scale metallurgical results","top_mreo_interval":"30 m at 1,853 ppm MREO (MAV_RC_0063)","cumulative_dataset":"879 holes in combined assay compilation; 1,191 holes and 12,640.6 recorded metres in release population","best_selected_interval":"5 m at 3,310 ppm MREO and 90 ppm DyTb (RC0054)"}},"quotedText":"What stands out is the combination of broad intervals beginning at surface and the magnet and heavy rare-earth mix within them","namedEntities":{"people":[{"name":"Cristiano Veloso","role":"Founder and CEO of Magnes Rare Earths"},{"name":"Carlos Leite","role":"Qualified Person, independent consultant (MAusIMM CP(Geo))"}],"products":["Minas Americas rare-earth project"],"companies":[{"name":"Verde AgriTech Ltd.","ticker":"NPK","relationship":"parent/filer"},{"name":"Magnes Rare Earths","relationship":"subsidiary"},{"name":"Minas Americas Global Alliance","relationship":"project holder"},{"name":"SGS Geosol Laboratórios S.A.","relationship":"assay/metallurgical laboratory"},{"name":"International Energy Agency","relationship":"industry data source"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"Encouraging exploration results with broad from-surface magnet and heavy rare earth intersections, but the project remains exploration-stage with no resource, no established recovery, and no commercial assessment. The next catalyst (SGS bench-scale metallurgy) is still pending."},"tickerRelevance":{"others":[{"ticker":"NPK","relevance":"TSX listing of the filer, Verde AgriTech"},{"ticker":"VNPKF","relevance":"OTCQX listing of the filer, Verde AgriTech"}],"primary":"T48"},"globalImportance":12,"audienceRelevance":8,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"exploration drilling update, no resource defined","sectorWeight":"rare earths thematic interest","commercialMaturity":"exploration-stage, no economic assessment"}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"Verde AgriTech reported broad, from-surface magnet and heavy rare earth intersections at its Minas Americas project in Brazil, held through subsidiary Magnes Rare Earths.\n\nKey results include 30 metres at 1,853 ppm MREO from surface, a 5-metre interval at 3,310 ppm MREO with 90 ppm DyTb, and shallow auger profiles above 2,100 ppm MREO with meaningful heavy rare earth content.\n\nThe dataset now covers 879 assayed holes, and the next catalyst is SGS bench-scale metallurgical testing using ammonium sulphate leaching; no numerical recovery results are disclosed yet.\n\nThe company cautions that no mineral resource, reserve, commercial recovery or economic assessment has been established from these exploration grades.","key_figures":{"customDimensions":{"next_catalyst":"SGS bench-scale metallurgical results","top_mreo_interval":"30 m at 1,853 ppm MREO (MAV_RC_0063)","cumulative_dataset":"879 holes in combined assay compilation; 1,191 holes and 12,640.6 recorded metres in release population","best_selected_interval":"5 m at 3,310 ppm MREO and 90 ppm DyTb (RC0054)"}},"named_entities":{"people":[{"name":"Cristiano Veloso","role":"Founder and CEO of Magnes Rare Earths"},{"name":"Carlos Leite","role":"Qualified Person, independent consultant (MAusIMM CP(Geo))"}],"products":["Minas Americas rare-earth project"],"companies":[{"name":"Verde AgriTech Ltd.","ticker":"NPK","relationship":"parent/filer"},{"name":"Magnes Rare Earths","relationship":"subsidiary"},{"name":"Minas Americas Global Alliance","relationship":"project holder"},{"name":"SGS Geosol Laboratórios S.A.","relationship":"assay/metallurgical laboratory"},{"name":"International Energy Agency","relationship":"industry data source"}],"dollarAmounts":[]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-06T10:00:08.352Z","global_importance":12,"audience_relevance":8,"importance_components":{"tickerTier":"small-cap","eventGravity":"exploration drilling update, no resource defined","sectorWeight":"rare earths thematic interest","commercialMaturity":"exploration-stage, no economic assessment"}},"durationMs":7724,"modelName":"glm-5.3-flashx"}}